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MSNBC
Jan 14, 2013 5:00pm PST
is still holding the american economy hostage, and president obama says they won't collect a ransom. this is "the ed show." let's get to work. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> the president draws a line in the sand for republicans. >> they will not collect a ransom in exchange for not crashing the american economy. >> tonight, congressman jim mcdermott's reaction to the president's tough talk on the debt ceiling. e.j. dion and ruth con connaught on whether the republicans will actually listen. >>> one month after sandy hook, he has the president's gun recommendations. >> will spineless republicans kill reform? one threats impeachment if the president signs an executive order on guns. dan gross of the brady campaign is here with reaction to the president's comments that the nra is joining up fear to sell guns. >>> and former secretary of state colin powell calls out republicans on race. >> there is also a dark -- a dark vein of intolerance in some parts of the party. >> dr. james peterson janes me to discuss the republican r
CNBC
Jan 17, 2013 7:00pm EST
's my challenge to everyone. instead of just a 2% economy, why can't we do so much better and get to a 4 or 5% growth economy? president obama has still not adopted progrowth policy. here's another thing. i'm not the only one who wants the president and congress to significantly cut spending. i mean, significantly. it would be progrowth and no more tax hikes by the way. spending and the debt are the top issue of concern for voters. look, these heinous mass murders are not about weapons. question -- why isn't anyone tackling the really tough issue that may be the root causes of these atrocities? such as broken families, such as the absence of fathers who set examples for their sons? such as the loss of faith in our schools? such as our homes and our culture that have lost faith as well. tonight, we are going to talk about the family values breakdown in america. "the kudlow report" begins right now. another key point tonight. for most of the history, america drew at 3.5% per you. the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above th
FOX Business
Jan 18, 2013 1:00pm EST
to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if we have this credit downgrade, and we had a credit downgrade, as you know, last august. we have t
FOX Business
Jan 16, 2013 4:00pm EST
is happening over in europe. germany seeing a contraction in their economy. whether or not it is a recession still a little too early to say. as a result of what is happening in europe these stocks are down. gm was down over 4% today, big loss for the car companies because of europe. liz: and two vix etfs, volatility exchange traded funds, hitting new 52-week highs. even though the volatility index continues to tumble. what you see are two where you can make bearish bets on the vix, that would make sense, right? xiv, as you see. we've got them moving higher today. david: the battle over the debt ceiling and paying the bills that d.c. is racking up continues. representative jerry nadler, happens to be my representative, he is looking to stop future fights. he has introduced legislation to end the debt ceiling debate by getting rid of the debt ceiling all together. but would that give too much power to the president? that is the argument. that is the debate. we'll take you and jerry nadler there coming up. liz: germany's central bank pulling some of its gold out of new york and paris. we have
MSNBC
Jan 15, 2013 9:00am PST
would be the united states economy and the potentially disastrous impact of failing to raise the debt ceiling brsh according to speaker boehner, the ends justify the means. in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of his first term is any indication about what he expects in his second term, prepare for a bond-style showdown as the government barrels towards its borrowing limit. that said, there might exist a solution that would allow congress to do what it does best, which is to say nothing at all, and still save the economy. this do nothing approach was floated by senate minority leader mitch mcconnell in 2011, and president obama gave it a hat tip
CNBC
Jan 14, 2013 7:00pm EST
and the health of the u.s. economy as hostages. >> they will not collect our ransom in exchange for crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> now, house speaker john boehner responded quickly saying house republicans will do the right thing. they will be responsible, they will meet america's obligations and make sure the government does not shut down. he tried to take that specter off the table. but this is a very tough fight that's getting more and more problematic, larry, because the president said he's going to break the habit of crisis-driven fiscal negotiations. if he's going to succeed in that, somebody is going to have to break and it may have to be soon because treasury secretary geithner said this afternoon we could hit the debt ceiling and exhaust all the extraordinary measures he's been taking as soon as one month from now. >> you know, john, 2010, 2011, the 2012 he neg
FOX Business
Jan 15, 2013 5:00pm EST
'll be able to start making invests to see our economy grow. the one silver bullet in deficit reduction is economic growth. we need to get out of this circle we're in right now and start talking about growth. how we start moving the economy forward because we'll never get out of the hole otherwise. melissa: stephen, that is a great point. do you move the economy forward and grow by raising taxes, do you think. >> president obama at one point believed we do not. he argued in twine and 2010 you would hurt economic growth if you raised taxes at time the economy was struggling. that is what he argued at time. melissa: what do you think, steven. raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when
FOX Business
Jan 15, 2013 3:00pm EST
to be a bit of a struggle, and i think it's all about the guidance going forward. you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at, again, south africa, right now, the mining situation is getting worse and worse, and -- liz: labor issues? >> the strikes, strikes, labor issues, and a threat that some of the major companies are shutting down the mines until they resolve this. we'll have a shortage in these areas, and, also, seeing platinum taking a bit of a piggy back ride up. it's at the 1680s mirroring where gold is now. silver is joining along for the ride. we're seeing a lot happening with the precious metals. liz: platinum is higher than gold for the first time
FOX Business
Jan 18, 2013 7:00pm EST
the world as we continue. stay with us. lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant t
MSNBC
Jan 15, 2013 5:00pm PST
. she'll talk about the impact of immigration reform on our economy. share your thoughts with us on facebook and on twitter using the hash tag edshow. we're coming right back. i've been taking a multivitamin for years. centrum silver. both of us actually. our pharmacist recommended it. and that makes me feel pretty good about it. and then i heard about a study looking at multivitamins and the long term health benefits. and what do you know? they used centrum silver in the study. makes me feel even better, that's what i take. sorry, we take. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. the most recommended. most preferred. most studied. officeyour business needs...k... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. >>> it is a sad, sad day. but it's also your day, noah, my little man. i will miss your forceful and purposeful little steps stomping through our house. i will miss your perpet
MSNBC
Jan 15, 2013 8:00pm PST
economy. share your thoughts with us on facebook and on twitter using the hash tag edshow. we're coming right back. >>> it is a sad, sad day. but it's also your day, noah, my little man. i will miss your forceful and purposeful little steps stomping through our house. i will miss your perpetual smile, the twinkle in your dark blue eyes framed by eyelashes that would be the envy of any lady in this room. most of all, i will miss your visions of your future. >> welcome back to "the ed show." that was veronique pozner, giving the eulogy at the funeral of her son noah. noah pozner was one of 20 children killed at sandy hook last month. he was just 6 years old. veronique and her family, as well as other newtown families are fighting for reform in house of representatives of stopping another tragedy. and tomorrow the president will unveil a set of proposals to curb gun violence in this country. the president's recommendations are said to include universal background checks, a high capacity magazine ban, and a renewal of the assault weapons ban. nbc news has also learned that the president's r
FOX Business
Jan 15, 2013 9:20am EST
will be the gdp numbers. and that's when we find out what kind of economy we've got in the fourth quarter of last year. that will point towards how we're going to do in 2013. i suspect that that could move the market. all right. the bell is ringing, and as you know by now, if you're a regular "varney & company" viewer when the bell stops ringing, they start trading and we're expecting, what are we expecting? we're looking for a pretty flat market and i hate to keep saying this, but a pretty flat market. the dow closed yesterday around 13,500 and we're opening down 3 points at 13504. the opening trend is down. i looked at the futures and you can expect maybe a 40 or 50 point loss in the early going. no big negative that's out there, just a general drift away from 13-5 on the dow. we are in fact, just a couple of hours away from facebook's big announcement. that comes at one o'clock eastern. so, nicole, i am told that the big news could be a new search engine, could be. i'm not going to speculate on that, but i want to know where the stock opens this morning. >> that would be very big news and the
FOX Business
Jan 15, 2013 1:00pm EST
is the likelihood the u.s. economy could have a stronger here than economists were expecting? >> and excellent question. i think the risks are just as good on the outside or they are on the downside. there is a lot of growing momentum in the u.s. economy. all of this in then you have the energy boom in the whole shale thing helping in that industry and related industries. there are a lot of bright spots in the u.s. you know, the guys in washington do not mock it up, we have a good shot. melissa: we have breaking news right now. i want to point you to the shares of facebook. down $0.60. that is good for almost 2%. we have this meeting going on right now. it is a major reversal for the stock. we are trying to get more details out of this meeting. we will have rob enderle on at the end to talk about it. shibani: i am following a couple of live logs on the event. the three pillars of facebook. when he unveiled today is his 23 pillar which is being called graph search. it is a graphical search. it is not a web search. that is one of the reasons we are seeing a selloff of facebook shares. again, wha
FOX News
Jan 17, 2013 1:00pm PST
time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those jobs. what do you think? >> i think overall people are gibbing to see that unions are out to help union worker but very often at the expense of nonunion works and that's where we're getting in trouble. the american public at large is overwhelmingly moving sort of -- public support is moving against unions, gallup found that 42% would like to see unions be less influential. they feel at if there are negotiations going on for union workers but they come at a cost for all workers, creating less opportunity for all workers and for the economy at large. what is the message. you say lab you wins every time. unions say, cheaper labor has a cos
FOX News
Jan 19, 2013 8:00pm EST
that are putting a stranglehold on the economy. it represents something more. it's the time of year that we have all waited for. when we sit on the edge of our seats for four quarters. it represents players reaching a childhood dream. the biggest stage there is in sports. a time when legacies are made. where a magical play can happen every snap, and you remember exactly where you were when it does. watch every moment of super bowl xlvii live on nfl mobile. bringing the big game to you when every play matters... verizon. call star-star nfl to download nfl mobile from verizon. you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may wor
FOX Business
Jan 14, 2013 8:00pm EST
until 2010. 8% growth in the last five years, which is more than twice as fast as our economy has been growing and by every indicator, the green energy sector is growing. neil: i don't know a lot infatuation, but i know the frustration. >> i think they have probably realized that the green movement is kind of a boring activism. what they should be covering and don't really want attention to would be something like solynda that they called the phony scandal. they don't want to address that. this is a way for them to say we are shifting around for various reasons. i don't think they wanted to cover the real news which the scan was solynda and then they went under. the whole thing was just a disaster. the other stuff is boring activism and others want to let go. >> okay, it has become mainstream. >> "the new york times" this week is facing something like the numbers on 30 or more layoffs. so put this in a separate category to a broader question under obama. we have come to talk about this stuff of 5 million green jobs and international treaties. it's hard to do any of that. so you're not
CNBC
Jan 15, 2013 3:00pm EST
did. the fact is we still have a good fundamental backdrop. the economy is expanding. it's not contracting or growing. value sheets are strong and valuations are very attractive so what is there not to like? >> you're our resident skeptic today, and i would point not to the normal averages that we quote every day, but look at the dow transportation average which could close at an all-time high today. the transportation companies, often a leading indicator for the economy. if they are doing well. chances are the economy is going to get better. wouldn't that make you want to buy stocks right now. >> it does. we're not -- we're actually a little bit more bullish, esespecially the first six months of the year. we still are expecting slow growth, commodities where we're shorting assets, but in terms of u.s. and in terms of international, we do expect growth, and we are excited about what's happening, but later on in the year i think it's going to be another story. >> what do you mean by that, later on in the year? what's going to be the upset later on in the year? >> there's a
CNN
Jan 20, 2013 7:00am PST
and nancy pelosi in december of 2007. he said the economy is slipping, i need a stimulus and they worked with him to give him the kind he can sign. then 2008, the terrible crisis and it was a very partisan thing in which the bush administration got more support from democrats and republicans in the final vote. then comes the election of barack obama and mitch mcconnell's announcement that his number one agenda item is to defeat president obama. we have, i think, a productive 2009 and 2010 and then in 2010, a group gets elected in the house, in particular, we don't believe in governance. not totally pessimistic. the way to go we've seen in the last three major issues in the house, a split within the republican party where main stream conservatives of the bob dole variety have aligned with the majority of democrats. they've been opposed by a majority of republicans in the house, but not of the whole house and speaker boehner, to his credit, has been allowing a coalition to come together and i hope what happens is that the main stream conservativism of the republican party continue to fight
FOX News
Jan 18, 2013 4:00pm PST
. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american public could support it in the senate as well. >> the house is also suggesting a policy of no budget, no pay. if lawmakers fail to do their job, the american people shouldn't pay them. bill? >> bill: what do democrats say about all of this, mike? >> they seemed to welcome the idea, the republicans sound willing to extend the debt ceiling. a spokesman for majority leader harry reid says if the house can pass a clean debt ceiling increase to avoid default and allow the white house to to meet its existing obligations we will be happy to consider it. they don't want the drama. >> debt ceiling in a manner that causes no concern to the economy and to global markets, that does not in any way suggest that washington is about to, you know, engage in another process that results in a self-inflicted wound to the economy. >> this afternoon, carney calls on congress to pass an extension of the borrowing limit without delay. bill? >> bill: get rea
CNBC
Jan 18, 2013 1:00pm EST
that president obama put them in saying they are holding the u.s. economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as can you see on the the impending so-called sequestering, which i believe kicks in sometime in the next six weeks or so. and then in late march, on the idea that the government will run out of money. there will be no authorization to spend anything more and the government could functionally shut down. is that involved here at all? >> not in a formal sense. but of course all of this is linked together, what the spending plans are to come up with cuts to avoid the budget sequester which neither party wants because it affects it in is indiscri
CNBC
Jan 15, 2013 9:00am EST
that is indeed worrisome. however, we are seeing some pretty good signs in the economy right now, so we're hopefully optimistic that they'll continue. and last thing anybody who's bet against america has proved it's a losing bet in the past. we're very bullish on this country. >> steve, thanks so much for your time. thank you for joining us first on cnbc. >> thank you. >>> interesting debate. meantime, goldman sachs making waves with the bonus pay joits. we'll get that in a moment. after the break, david faber's exclusive with mel karmazin. he's here to give us his very first interview since stepping down as the ceo of sirius xm. we're back in a couple of minutes. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to s
FOX Business
Jan 15, 2013 8:00pm EST
this economy, -- peachy with this economy, why are millions of americans bursting their piggy banks just to get by? neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they started this, they were replacing a pension with a 401(k). and they assumed two things, first money would go in and stay there and second it would be run properly, neither one happened. it has na not been run properly, people have been taking the money out, estimates vary 80% of what supposed to be there. in problem is that people who are most likely to take it out are those at lower income level who will need the money when they retire more. neil: and they pay penalties and early withdrawel. the only argument for it, is what is worse, i'm borrowing for myself, and paying myself back? >> you can't pay yourself back, you can take it ou
FOX Business
Jan 17, 2013 3:00pm EST
things that came out today were that to drags on the economy, housing and employment. they are getting better and consistently better. the confidence will be there. here is the big fear. we have a climate of worry. we are at a plateau because the next is what is going on in washington d.c. that scares me more than anything have seen in this market in years. liz: i no d.c. is an issue. it is something we cannot control, sadly enough, but we can serve to control whether we are jumping into this market. people are still sitting on the sidelines holding their worries, missing rallies like this. >> that only cause more confusion because we are not really breaking out on explosive volume, which is also another concern. with the breakup like this you want to see volume ramp up, which would indicate to you that people really have a change of mindset. at 400 million shares, you are not really breaking out yet. some people -- liz: composite track. that would be the highest. let me get to the energy complex. everything is higher right now, jonathan. is this all the very tense and very worrisome s
FOX Business
Jan 17, 2013 7:00pm EST
and find out what has happened and why taking a look now at the economy, its effect on the market today, good news, jobless claims dropping sharply last week, down to the lowest levels, in fact, since january of 2008. the housing sector showing its best performance in four years last month. housing for all of last year rising 28 percent, increases seen across the entire country. the good news includes permits for new start-ups. up 30% last year. the good news driving the snb to its best finish since late 2007 with stock prices closed higher for a third straight day. the dow up 85 points, s&p up eight to monastic 18 and a half. a 5-year high. volume on the big board, volume picking up. to bank stocks hurting the dow performance. bank of america reporting disappointing earnings. profits last 63 percent by charges related to billions of dollars in settlements on bad mortgages. city profits down 3% taking a $2 billion charge for litigation costs. not all banks disappointed. pnc profits surging 47%. investors applauding pushing the stock up almost 4%. commodities also hot. the combination of
MSNBC
Jan 17, 2013 11:00pm PST
the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not at bargaining chip. >> on tuesday following a meeting that took place in the west wing, president obama surmounted a huge hurdle in the nomination of chuck hagel to be defense secretary when influential new york senator chuck schumer gave it his blessing. yesterday the president forcefully and emotionally laid out his proposals to curb gun violence and challenged americans to confront the representatives and stand up to the nra. let's listen. >> ask them what's more important, doing whatever it takes to get an "a" grade from the gun lobby that funds their campaigns or giving parents some peace of mind when they drop their child off for first grade. >> joining me is former rnc chair and msnbc contributor michael steele and democratic strategist bob shrum. shrummy, i have to start with you. it sounds like you got into the president's ear. i know you haven't, that i know of, but he's starting to charge this campaign for the second t
NBC
Jan 17, 2013 6:30pm EST
in d.c., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems moving fast, but the snowfall where it's falling is heavy and intense. there is one storm-related death to report. thousands are without power. you're looking at a live picture of the scene outside richmond right now. they could get up to 6 inches there tonight with a rain/snow mix, hazardous travel expected tonight, right up through the carolinas. it will all move out to sea by tomorrow. it will nick the jersey shore and at least long island on its way out. >>> still ahead as our broadcast continues, the mystery coming ashore. the tsunami trash that floated halfway around the world. tonight, what st
NBC
Jan 20, 2013 6:30pm EST
: to the nation's still-recovering economy. >> he is addicted to spending and those are policies that will hurt our country long term. >> reporter: and tonight, a top white house adviser tells nbc news that the president has finished writing his remarks for his inaugural address tomorrow that he will deliver shortly after completing the ceremonial oath of office. tomorrow night the obamas, lester will celebrate with two inaugural balls compared to ten four years ago. >> all right, peter, thank you. >>> and washington is getting ready for the spectacle that brings at least a sense of unity to this city once every four years. nbc's kelly o'donnell is outside the capitol with that story. good evening. >> reporter: good evening, lester this is where it all happens for what is the grandest photo op in american politics. tomorrow, we will see the president walk through that red drape behind me and he will take the ceremony y'all oath and deliver his inaugural address at the front of that stage. just final touches to go. and counting down to that moment, there was actually plenty to see today. save al
CNN
Jan 15, 2013 11:00am PST
to hold wall street and the big banks accountable and protect consumer and the u.s. economy. >> after all we have been through, i don't believe that rolling back regulations on wall street will help the small businesswoman expand or the laid off construction worker keep his home. >> reporter: republicans in congress want to cut obama era and even bush era regulations which they dismiss as unnecessary red tape. two laws are at issue here. dodd-frank and sarbanes-oxley. dodd-frank is the signature financial reform of president obama's first term. it set up the consumer financial protection bureau to write new rules to prevent fraud and unfair lending practices and put limits on banks deemed too big to fail by monitoring threats and stopping another financial crisis. sarbanes-oxley was a response to a different crisis, the enron accounting scandal of the early 2000s. it set up stricter accounting rules for companies of all sizes. critics say it drives up costs for smaller businesses and restricts growth. what does it mean for small businesss? for the big banks? well, we spoke to a community
FOX News
Jan 14, 2013 6:00pm PST
republicans, who want to tie the debt ceiling to cutting spending and obama says blow up the economy and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look, i don't think anybody would consider my position unreasonable here. democrats don't like voting for the debt ceiling when the republican's president, but you never saw the situation in which democrats suggested somehow that we would go ahead and default if we didn't get 100% of our way, that's just not how it's supposed to work. >> sean: hearing that i can't help, but be reminded of obama's record on the
CNBC
Jan 16, 2013 1:00pm EST
amendment to circumvent congress and protect the economy. congressman, welcome. good to have you with us. before we turn to the debt ceiling, i would like your reactions to the president's proposals to curb gun violence and whether you think those legislative proposals that he made have a chance of getting through either house of congress or both. >> i do. i mean, all of us are just astonished and appalled at what happened in newtown and the idea that a 6-year-old child would have 11 high capacity bullet designed by the military for combat pumped into that little child is really changing the discussion here. so i think the focus on practical things like high capacity magazines, like background checks that work, like trying to come up with appropriate assault weapon ban, these all make sense. and then his executive authority to make certain that laws we have on the books against gun trafficking are actively and aggressively enforced, i think those are practical suggestions. a lot of debate but a new day here. >> congressman, let's move on to another hot topic debate and that is the debt c
MSNBC
Jan 17, 2013 3:00pm PST
sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> we have fought our way back. and we know in our hearts, for the united states of america, the best is yet to come. >> the president told america the best is yet to come. and judging by his second-term agenda, his se's setting his si high. sweeping change to gun control. immigration reform. taking on climate change. cutting the deficit. and oh, yeah, lowering unemployment. make no mistake about it. it's ambitious. but the president is entering his second term with a job approval among the highest since the early months of his presidency. his favorability rating has jumped nine point ins the las
CNBC
Jan 16, 2013 12:00pm EST
year. if you believe the economy is stable which we do. i still think the high yield market will generate couponed return this year. maybe a touch better. quite frankly we'd love to see spreads widen out a little bit. we've had quite a rally at the beginning of the year, actually toward the end of last year into the beginning of the year. we'd love to see it back up a bit to create better value in the high yield market. i still think it's going to be a good year especially if we believe equities are going to have a solid performance. >> enis? >> enis taner. you mentioned global markets the yields coming down. what do you think about emerging market bonds? i know you've mentioned you like them. but the yield differential between developed markets and emerging markets is certainly compressed in the last year. >> yeah, yeah. enis, the story is everything compressing in the last year. it is -- searching out opportunity becomes the upside is limited given where spreads have gone to. we do think, though, that there are still -- you're seeing in asia, parts of latin america, you're
ABC
Jan 15, 2013 5:30pm PST
economy, is signaling they're on board, announcing today they'll spend $50 billion over ten years on new products all made right here at home. so, how many jobs could that be? our made in america captain is back, david muir, on the case. david? >> reporter: that's right, diane. walmart now the latest and largest retailer to say, in essence, wait a minute. while the math of making things overseas made a lot of sense, it doesn't always add up now. and economists arguing their move today was about far more than just p.r. tonight, walmart with that bold promise. buying an additional $50 billion in goods to sell, made in america over the next decade. it comes after years of criticism that walmart doesn't pay enough in wages and that the company sells too many products overseas. critics arguing that's how they keep their prices so low. we asked walmart shoppers to check the labels today. it didn't take long. maria small and her new blouse -- >> made in china. >> reporter: this couple and their new stool. >> made in china. >> reporter: but today, walmart u.s. was adamant, saying two-thirds of w
CBS
Jan 18, 2013 5:30pm PST
it mean to the local economy? >> oh, a lot. this guy, he won't have a job. >> normally we're done november lobstering and that's gonna last until -- the money i made will last until april when we start lobstering again. >> reporter: the cold water shrimp population has dropped by 20 million pounds since 2009. researcher don perkins studies these waters and says they don't know if it's due to climate change, a natural cycle, or both. >> this past year is one of the warmest years we've had here. the bottom temperature here in the gulf of maine where shrimp are caught have been three degrees to five degrees fahrenheit above normal. and that's a huge increase in temperature in the marine environment. >> reporter: how could you characterize the shrimp stocks off the coast of maine today? >> in critical condition. >> reporter: critical? >> critical condition. >> reporter: patrick kelleher is the commissioner of the maine department of marine resources. it's his job to protect the fishery. so he and a committee took the step of limiting the shrimp catch to less than one and a half million pounds-
CNN
Jan 15, 2013 1:00pm PST
in exchange for not crashing the american economy. >> let's talk about that and more with congressman cathy mcmorris rodgers of washington state. she's a member of the republican leadership in the house. she's chairman of the house republican conference. congresswoman, thanks for coming in. >> thank you. good to be with you. >> of course. i wanted to get your reaction to what the president said there. his point that hays driving over and over again that this is not about authorization new spending and all of this is about paying bills that we've already racked up. so how do you counter that? >> it's the wrong analogy. this is about the credit card being maxed out, and then we're going to the credit card company, and asking to raising that limit even farther. we are talking about future spending. and it is a debate that needs to happen. we need the president to get serious about the out-of-control spending, the record debt that we've accumulated as a country. and we need the federal government to stop spending money that it doesn't have. >> i understand that you are making, republicans are, mak
CNN
Jan 17, 2013 9:00am PST
to bring about the collapse of the iranian economy or the surrender of their government. we're not saying sanctions are meaneringless. they are imposing various types of hardships on people in iran, but they are not having the kind of strategic effect that proponents of them here say that they will have, and i would say historically, there's no real example of a case where sanctions organized and instituted by the united states have led either to the overthrow of a government we didn't like or led it basically to surrender our our policy demands. we impose sanctions on iraq for more than a decade. killed more than 1 million iraqis in the process, half of them children, and the iraqi people didn't rise up to overthrow saddam. they didn't you know, change iraqi policies. it took a disastrous u.s. invasion in 2003 to do that. sanctions are not going to have the effect that people are being promised that they'll have here. >> i could talk to you both for hours. we didn't even scratch the surface of the nuclear capabilities and the allegations made against iran on that front, but hillary and f
MSNBC
Jan 16, 2013 5:00pm PST
of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love. the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? let's turn to the author of the bill, january schawowsky of illinois. >> i'm so happy that wendy is doing well. >> thank you. we appreciated your phone calls very much. congresswoman, the math? >> the estimate is it's $104 billion over 10 years. it saves the government money. in terms of the subsidies, in the exchanges, it would be one option that americans could choose the cost would be 5-7% less and it would be an anchor pulling
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